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Sourcing Strategy: Effective vs Efficient with Ron Crabtree

The Logistics of Logistics

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree. Ron Crabtree.

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Decentralizing Supply Chains: How Regional Models Drive Resilience and Flexibility

Logistics Viewpoints

Global supply chains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. China trade disputes, and natural disasters.

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10 Ways A Data Gateway Improves Time to Value Across Your End-to-End Supply Chain

Logistics Viewpoints

A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities. Achieving these goals requires visibility into the entire supply chain.

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Why Digitalizing Sourcing is a Must for Supply Chain Resilience

Logistics Viewpoints

The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,

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10 Ways A Data Gateway Improves Time to Value Across Your End-to-End Supply Chain

Logistics Viewpoints

A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities. Achieving these goals requires visibility into the entire supply chain.

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AI Risks Include Data Poisoning and Model Corruption

Logistics Viewpoints

Companies use risk management software , like the Interos solution, to monitor and analyze supplier risk events in real time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when an adverse event has occurred or may be about to occur.

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Context. The Key to Unlocking the Power of Your Supply Chain Data Strategy

Logistics Viewpoints

Companies must harness a wide variety of data structures and formats, spanning internal and external sources. of events and respond accordingly. Clarity of Impact: Context helps planners understand the significance of an event. While the abundance of data is seen as an asset, the real question is: What do you do with it?